Senior Regulatory Reporting Analyst-Deposits & Liquidity (Remote)

First Citizens Bank; Raleigh (NC); Remote; USD 90,000 - 120,000; Full time

Job summary

A financial institution is seeking a Senior Regulatory Reporting Analyst responsible for preparing and submitting regulatory reports, ensuring compliance with documentation, and mentoring team members. This remote position requires expertise in GAAP Accounting and strong analytical skills. Candidates should possess a Bachelor's Degree and have significant experience in financial analysis and reporting. The role offers competitive benefits including a thoughtfully designed rewards program.

Benefits

Competitive benefits program

Mentorship opportunities

Qualifications

• Bachelor's Degree with extensive experience in GAAP Accounting or Financial Analysis.
• Understanding of major financial regulations.
• Ability to read and interpret regulatory guidance.

Responsibilities

• Ensure compliance with documentation and change management.
• Prepare regulatory filings including CCAR for the FRB.
• Participate in regulatory communications and support audit activities.
• Mentor and onboard new associates.

Skills

Understanding of financial products (e.g. deposits, loans, securities, derivatives, etc.)

Understanding of regulatory reporting instructions and banking regulations

Ability to lead projects/initiatives with high risk and complexity

Strong analytical skills

Attention to detail

Self-motivated problem solver

Hands on experience using SQL

Education

Bachelor's Degree and 6 years of experience

High School Diploma or GED and 10 years of experience

Certified Public Accountant (CPA) preferred

Job description

Overview

This is a remote role that may only be hired in the following location(s): AL, AR, CT, DE, ID, IN, KS, KY, LA, ME, MS, NC, OH, PA, RI, SC, VA, WV

This Senior Regulatory Reporting Analyst position supports the Deposits and Liquidity team and is responsible for the advanced preparation, review, analysis, and timely and accurate submission of regulatory reports to the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC) and state regulators. Serves as subject matter expert (SME) and leads other team members on the preparation, reporting, and analysis of financial reporting, capital, monetary policy, deposits, and exposure, and are prepared for multiple consolidated and stand-alone legal entities. Recommends updates and enhancements to maximize efficiencies and accuracy. Provides training and oversight to less experienced associates in the work group.

Responsibilities

• Reporting Compliance - Ensures documentation and change management approaches are compliant with the proper controls for both automated and manual systems. Reviews and utilizes expertise to prepare the Bank Holding Company's CCAR filings for the FRB, and the Regulatory Capital and Basel III Standardized Approach RWA calculations in addition to Basel/Pillar III disclosures as assigned. Leads and implements mandated regulatory reporting changes. Monitors and tracks issues to ensure timely and effective resolution. Ensures compliance with internal regulatory reporting policies and procedures.
• Regulatory Communications - Participates in and shares expert knowledge on the preparation, review, and submission of other regulatory report filings with the appropriate regulatory bodies including, but not limited to, the Call Report, Treasury TIC, North Carolina Self Evaluation Program (SEP). Serves as a point of contact to support audit activities for regulatory examinations as well as internal and external audits.
• Collaboration - Builds and maintains working relationships with department peers and senior leadership in other enterprise functions to ensure reported data and data aggregations align with regulatory requirements. Builds relationships with other Financial, business Subject Matter Experts (SMEs), analysts, and developers to gather information and to ensure requirements are captured and solutions are appropriately implemented to address any business needs.
• Peer Leadership - Assists management in the onboarding and training of new associates. Mentors less experienced associates, including guidance on daily output and projects.

Qualifications

Bachelor's Degree and 6 years of experience in GAAP Accounting, Financial Analysis, Financial Reporting OR High School Diploma or GED and 10 years of experience in GAAP Accounting, Financial Analysis, Financial Reporting

Preferred Area of Experience: Axiom SL Controller View

License or Certification Type: Certified Public Accountant (CPA) preferred

Preferred Skills:

• Understanding of financial products (e.g. deposits, loans, securities, derivatives, etc.)
• Understanding of regulatory reporting instructions and banking regulations
• Ability to lead projects/initiatives with high risk and complexity
• Ability to read and interpret regulatory guidance and instructions and assess applicability to the Bank
• Strong analytical skills, attention to detail, and self-motivated problem solver
• Hands on experience using SQL

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates.